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Corporate & Securities Law

: BusinessAssociationsBlog.com

Madoff: Was the SEC Negligent? Liable?

By Stephen Bainbridge

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The WSJ reports: A New York woman who lost nearly $2 million investing with Bernard Madoff has filed a claim against the Securities and Exchange Commission alleging the agency was negligent in failing to detect an alleged decades-long fraud. ... Last week, SEC Chairman Christopher Cox admitted that the SEC’s examination staff had missed red flags over the years. He said the agency had...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on December 23, 2008 (boomark / email).

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